Thailand may cut its forecast for auto production this year
because the nation’s worst floods in more than 50 years have
disrupted supply chains and forced companies to shut down
production, Thai Automotive Industry Club spokesman Surapong
Paisitpatnapong said by phone today from Bangkok,

Mill Con Steel Industries Pcl (MILL TB) climbed 5.9 percent
to 2.14 baht, the largest increase since July 22, 2010. The Thai
steel producer will sell 1.81 billion baht ($59 million) of
convertible bonds and as many as 255 million new shares, the
company said in a regulatory filing. The proceeds will fund the
1.5 billion-baht acquisition of Ocean Profit Co. Ltd., it said.

Ticon Industrial Connection Pcl (TICON TB), a factory
developer, declined 3 percent to 9.60 baht, the lowest close
since June 11, 2010. The company was cut to “sell” from
“buy” at Citigroup Inc., which cited the closure of its plants
amid Thailand’s worst floods in more than half a century. The
brokerage reduced its share-price estimate to 8.70 baht from
12.80 baht.

Tisco Financial Group Pcl (TISCO TB), a financial company,
gained 5.3 percent to 34.5 baht, the highest level since Oct. 3.
Net income in the third quarter climbed 23 percent to 898.9
million baht, or 1.23 baht a share, it said in a regulatory
filing.